IRVINE, Calif. — SpringboardAuto has expanded operations to 22 states, the digital retailing company announced this week. Launched by CEO Jim Landy and other auto finance veterans, the firm is looking to revolutionize the fintech space.
The firm’s proprietary technology provides self-serve, real-time financing tools, including a loan configurator for car buyers, a secure portal to easily upload documents, and instant approvals complete with an e-check consumers can print from any computer and is deposit-ready. The company's compound monthly growth rate for completed loans stands at 20% so far in 2017.
“The difference in our model is how we define our customer base,” said Landy. “Our goal when building the technology was to create a secure, fast and flexible platform that mutually benefits dealers and customers. Today’s car buyers are tech savvy and time constrained. In our model, we significantly reduce the administrative work so dealers and customers can enjoy the car selling and buying experience.”
SpringboardAuto is currently doing business in the following states: Arizona, California, Colorado, Florida, Georgia, Illinois, Kansas, Maryland, Michigan, Missouri, Nebraska, New Jersey, New Mexico, New York, North Carolina, Ohio, Oregon, Tennessee, Texas, Utah, Washington, and Wisconsin.